Veeva director converts 297 RSUs to Class A stock
Veeva Systems director Gordon Ritter exercised 297 Restricted Stock Units, converting them into 297 shares of Class A Common Stock at zero exercise price in a transaction classified as an exercise or conversion of a derivative security.
Rhea-AI Filing Summary
Veeva Systems director Gordon Ritter exercised 297 Restricted Stock Units, converting them into 297 shares of Class A Common Stock at zero exercise price in a transaction classified as an exercise or conversion of a derivative security. Each RSU represents a right to receive one Class A share.
Following this, he held 298 RSUs directly and 297 Class A shares directly. Additional Class A shares are held indirectly by related entities: the Ritter-Metzler Revocable Trust, GABACOR Holdings LLC, and Emergence Capital Partners II, L.P., where he may share voting and dispositive power but disclaims beneficial ownership except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
297 shares exercised/converted
Exercise
5 txns
Insider
Ritter Gordon
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 297 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 297 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 298 contracts (Direct);
Class A Common Stock — 297 shares (Direct);
Class A Common Stock — 575,576 shares (Indirect, By the Ritter-Metzler Revocable Trust dated November 6, 2000);
Class A Common Stock — 92,000 shares (Indirect, By GABACOR Holdings LLC);
Class A Common Stock — 500,000 shares (Indirect, By Emergence Capital Partners II, L.P.)
Footnotes (6)
- F1. Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Act") pursuant to Rule 16b-6(b) promulgated under the Act.
- F2. Shares held by The Ritter-Metzler Revocable Trust dated November 6, 2000 (the "Trust"). The Reporting Person is a trustee and beneficiary of the Trust and may be deemed to share voting and dispositive power with regard to the reported shares held by the Trust. The Reporting Person disclaims beneficial ownership of the reported shares held by the Trust, except to the extent, if any, of his pecuniary interest therein.
- F3. Shares held by GABACOR Holdings LLC ("GABACOR"). The Reporting Person is a controlling person of GABACOR and may be deemed to share voting and dispositive power with regard to the reported shares held by GABACOR. The Reporting Person disclaims beneficial ownership of the reported shares held by GABACOR, except to the extent, if any, of his pecuniary interest therein.
- F4. The sole general partner of Emergence Capital Partners II, L.P. ("Emergence") is Emergence Equity Partners II, L.P. ("EEP II"), and the sole general partner of EEP II is Emergence GP Partners, LLC ("EGP", and together with Emergence and EEP II, the "Emergence Entities"), and each of EEP II and EGP may be deemed to have sole voting and dispositive power with respect to the shares held by Emergence, and EGP may be deemed to have sole voting and dispositive power with respect to the shares held by EEP II. The Reporting Person is a partner of EEP II and a member of EGP and serves on the Issuer's board of directors. The Reporting Person disclaims beneficial ownership of the reported shares held by the Emergence Entities except to the extent of his pecuniary interest therein, if any, by virtue of the limited liability company interest he owns in EGP and the partnership interest he owns in EEP II.
- F5. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer.
- F6. On June 18, 2025, the Reporting Person was granted 1,191 RSUs under the Issuer's Amended & Restated 2013 Equity Incentive Plan, of which 1/4 of the RSUs vested on September 1, 2025, with the remaining RSUs vesting equally on a quarterly basis thereafter, subject to continued service on the Issuer's board of directors on the applicable vesting date.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Veeva Systems (VEEV) director Gordon Ritter report?
Gordon Ritter reported exercising 297 Restricted Stock Units into 297 Class A shares. The RSUs converted at zero exercise price, and each RSU represented a contingent right to receive one share of Veeva Systems Class A Common Stock.
How many Veeva Systems RSUs did Gordon Ritter hold after the reported Form 4 transactions?
After the transaction, Gordon Ritter directly held 298 Restricted Stock Units. These RSUs were granted under Veeva Systems' Amended & Restated 2013 Equity Incentive Plan and vest in installments, contingent on his continued service on the company’s board of directors.
How were Gordon Ritter’s Veeva Systems RSUs originally granted and how do they vest?
On June 18, 2025, Gordon Ritter was granted 1,191 RSUs under Veeva’s 2013 equity plan. One quarter vested on September 1, 2025, with the remaining units vesting equally each quarter, subject to his continued service on the board on each vesting date.
What does each Restricted Stock Unit reported by Gordon Ritter represent at Veeva Systems?
Each Restricted Stock Unit represents a contingent right to receive one share of Class A Common Stock. When RSUs vest and are settled, they convert into Class A shares, as shown by the 297-unit exercise reported in the Form 4 filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
